The 4-hour rebound has not ended; be wary of subsequent pullback risks.

The 4-hour level rebound starting from 80600 has a somewhat "twisted" structure. Previously, it was mistakenly judged that the third wave completed around 93000, but the pullback on Monday was merely the second wave adjustment. Many people are concerned whether this 4-hour rebound can surge above 100,000. Will it directly upgrade to a daily level rebound? The answer is clear: 80600 is only the bottom of the 4-hour level, and there is no daily bottom characteristic yet. It is still early to aim for 100,000 or to transition into a daily level rebound. Moreover, the current 4-hour still has a risk of "three sells." Only by re-establishing above 99000 can it likely avoid new lows. Now, the rebound strength is somewhat weak, and vigilance is needed for the potential end of the 4-hour rebound at any time.

Short-term Bitcoin: The 1-hour rebound is nearing its end; the second test of the 4-hour has not yet come.

1-Hour Level: The third wave of the 1-hour rebound is in progress, first looking at 94000-95000 above, but the strength is clearly diminishing, and it will likely end in the next couple of days. The next wave of 1-hour decline is crucial: if it falls below 86500, it will likely initiate a new 4-hour level decline. Many people wonder if 83800 is the second test? In fact, this is only the second test at the 1-hour level; the second test at the 4-hour level has not yet appeared, and it will likely have to decline again. When will the 4-hour rebound end? Look at the internal structure: if it completes 3 waves, it may stop by the weekend; if it completes 5 waves, it could extend into next week, with the core still depending on the strength of the upcoming 1-hour decline.

15-Minute Level: The 1-hour rebound initiated at 83800 has already completed 5 waves, and it is currently in the sixth wave of 15-minute pullback. As long as it holds above 92000, it will likely consolidate around the central area before pushing above 94000, after which a 1-hour or 4-hour level decline will follow; if it falls below 91000, the short-term will confirm the initiation of a new 1-hour decline, with initial support at 88000-89000.

Short-term Ethereum: Upgrade benefits boost the rebound; target 3250-3300.

Ethereum often follows Bitcoin, but this time the rebound is particularly strong, mainly benefiting from the Ethereum mainnet Fusaka upgrade on December 3—enhancing network speed through sharding technology, driving the price from around 3000 to above 3200 rapidly.

The current 1-hour level rebound has not ended yet, and it will first undergo a 15-minute pullback, targeting 3150-3080. After the pullback is completed, it will likely make another wave of 15-minute rebound, aiming for the 3250-3300 range. Like Bitcoin, Ethereum is also in its third wave of 1-hour rebound within the 4-hour rebound, with a key resistance level above at 3435. As long as this level is broken, the probability of making new lows will significantly decrease.